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Government Set to Sell Foreclosures in Bulk
CNBC ^
Posted on 01/09/2012 2:35:37 PM PST by HereInTheHeartland
Edited on 01/10/2012 5:17:40 AM PST by Admin Moderator.
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To: HereInTheHeartland
These properties will be shoveled to big name real estate investors.
Those of us who might want to invest in a property or two will be shut out.
We as taxpayers will be subsidizing well connected investors, again.
2
posted on
01/09/2012 2:38:31 PM PST
by
HereInTheHeartland
(I love how the FR spellchecker doesn't recognize the word "Obama")
To: HereInTheHeartland
Seems obummer and crew are floating another illegal act as a trial balloon. This is a violation of several laws.
3
posted on
01/09/2012 2:42:46 PM PST
by
org.whodat
(What is the difference in Newt's, Perry's and Willard's positions on Amnesty.)
To: HereInTheHeartland
We will soon be making our Health Insurance payment to one place (Obamacare). Looks like home renters will be making their rent payment to 1 giant real estate company (Democrat, of course).
To: HereInTheHeartland
Yes, this is a big change from the property auctions of the S&L foreclosures / Resolution Trust Corporation era. I went to a few of those auctions and most of the houses were small, old and in very poor repair.
I'm guessing that this time around (due to idiotic lending policies) the houses are newer, larger and more worthy of investment... therefore the peasants aren't allowed to participate.
5
posted on
01/09/2012 2:46:07 PM PST
by
Charles Martel
(Endeavor to persevere...)
To: HereInTheHeartland; Admin Moderator
Why didn’t you post the article? Why did you post your comments where the article goes?
6
posted on
01/09/2012 2:46:47 PM PST
by
Responsibility2nd
(NO LIBS! This means liberals AND libertarians (same thing) NO LIBS!)
To: HereInTheHeartland
7
posted on
01/09/2012 2:48:16 PM PST
by
dfwgator
To: HereInTheHeartland
It does seem likely. An investment trust will buy a few thousand properties for pennies on the dollar and be able to sit on them forever.
8
posted on
01/09/2012 2:51:30 PM PST
by
count-your-change
(You don't have to be brilliant, not being stupid is enough.)
At Least You Can Count On FR
The Best Conservative Site On The Web
Click The Pic To Donate
9
posted on
01/09/2012 2:59:18 PM PST
by
DJ MacWoW
(America! The wolves are here! What will you do?)
To: HereInTheHeartland
Crony capitalism? Probably. Of course, how did they end up owning all those foreclosures in the first place?
To: dfwgator
It is that obvious, although maybe the uniforms aren't quite as cool.
11
posted on
01/09/2012 3:09:10 PM PST
by
Gil4
(Sometimes it's not low self-esteem - it's just accurate self-assessment.)
To: HereInTheHeartland
Government Set to Sell Foreclosures in Bulk Who'll give me a hundred dollars for Detroit?
One hundred dollar ... one hundred dollars
fifty... fifty...
OK, who will give a buck for the entire city...
12
posted on
01/09/2012 3:09:26 PM PST
by
KarlInOhio
(Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
To: KarlInOhio
OK, who will give a buck for the entire city...
13
posted on
01/09/2012 3:11:14 PM PST
by
dfwgator
To: dfwgator
Selected portions of the city of Detriot are available for $1.
To: HereInTheHeartland
15
posted on
01/09/2012 3:16:18 PM PST
by
Lorianne
To: HereInTheHeartland
By the way. No one cares.
I’ve been talking and blogging about this for months and the response is a big shrug.
Bet you don’t get many responses to this.
People won’t wake up until we are all serfs, if then.
16
posted on
01/09/2012 3:22:10 PM PST
by
Lorianne
To: HereInTheHeartland
Makes you wonder if he’s trying to raise another slush fund to buy votes with.
To: Lorianne
Looks like that “hope and change” was only for the 1%.
18
posted on
01/09/2012 3:29:26 PM PST
by
alamogal
To: Responsibility2nd; Admin Moderator
“Why didn’t you post the article? Why did you post your comments where the article goes?”
I have posted exactly 2 threads in the 7 years I have been here; so I am not the expert on how to do it.
Please change if needed
19
posted on
01/09/2012 3:34:15 PM PST
by
HereInTheHeartland
(I love how the FR spellchecker doesn't recognize the word "Obama")
To: HereInTheHeartland
Crony Capitalism is a nice way of saying outright theft and corruption.
20
posted on
01/09/2012 3:35:45 PM PST
by
Venturer
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